BREAKING: TNT Sports is adding College Football Playoff games starting this season in a five-year sub-licensing agreement with ESPN, per The Athletic’s Andrew Marchand. The deal will see Warner Bros. Discovery’s TNT Sports and Max have two first round games over the initial two seasons of the contract. More details: https://lnkd.in/g43K5pMx
The Athletic’s Post
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Agency Owner at Experior - specializing in providing cost-effective income protection % Services in Residential & Business: Healthcare, ID Theft and more Contractor - Retail Investor Group at Vanguard
The NBA’s current contracts with ESPN and Warner Bros Discovery’s (WBD) TNT Sports expire at the end of the 2024/25 season and are worth a combined US$24 billion. The league targets a major revenue increase, with some observers believing it could double or even triple its annual domestic broadcast income. According to The Athletic's Andrew Marchand, the “framework” of a deal between the NBA and Amazon calls for games broadcast on Prime Video for at “least the next decade.” The deal would begin starting in the 2025-26 season.
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The possibility of the NFL taking equity in ESPN is intriguing for a lot of reasons, but it's no simple corporate transaction. In this week's Sports Business Journal, I dig into exactly why it's so complicated. One reason: the NFLPA contract. Any deal that lowers the NFL's short-term media revenue will be looked upon very skeptically by the players union. That and more here: https://lnkd.in/eJdtnhPv
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The possibility of the NFL taking equity in ESPN is intriguing for a lot of reasons, but it's no simple corporate transaction. In this week's Sports Business Journal, I dig into exactly why it's so complicated. One reason: the NFLPA contract. Any deal that lowers the NFL's short-term media revenue will be looked upon very skeptically by the players union. That and more here: https://lnkd.in/eJdtnhPv
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The unsustainable model created by the early entrants is nothing to be proud of. If you look at the past six years, some of those so called household names are piling on about a billion a year in losses. It may work for certain commercial product sales, but not in sports betting because operators compete with players that sometimes are better that the operator, competitors themselves, and regulators in order to follow the rules. From a business 101 perspective, a 6 billion accumulated loss is going to be difficult to dig out of for two main reasons at least, 1) your investors will start demanding recovery, and 2) there will always be the challenge of a continuing influx of new competitors small and large that have a solid profitable international base that can support a new market entry. There will be either consolidation or a big failure in the U.S. soon that will raise the alarms. Mark this!! Success in this extraordinary U.S. market will come to those that bide time and enter strategically with a proprietary platform that functions effectively, efficiently and actually knows how to trade a sports bet at a profit. That’s been the most difficult concept for us to get across. So we’ll take it one rung at a time.
Two more U.S. regulated sportsbooks bite the dust this week. One, at least, is a familiar name and just goes to show you how difficult it is to compete in this environment if you're not a DraftKings, FanDuel, ESPN Bet or a BetMGM. Article link is in the comments below.
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In a high-stakes antitrust class action, the NFL stands accused of colluding with TV networks to inflate prices for the "Sunday Ticket" package, forcing fans to pay a premium for out-of-market games. Sports economy expert Daniel Rascher proposed an alternative model, likening it to the NCAA's approach, suggesting licensing deals with networks like CBS and FOX could enhance game accessibility and boost viewership. The NFL's counsel defended the "Sunday Ticket" as a premium offering, revealing a failed acquisition attempt by Disney due to pricing disagreements and local viewership concerns. Now in its sixth day, the trial, overseen by U.S. District Judge Philip S. Gutierrez, continues to unfold. Read more about the case and expert insights on transforming NFL viewership. https://ow.ly/EEUu50Sh9gX #NFL #Antitrust #SundayTicket #SportsEconomy #BroadcastRights
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As the Boston Celtics and Dallas Mavericks prepare to face off in the NBA Finals, the league is on track to score big: It is closing in on deals with NBC, ESPN and Amazon that would bring in about $76 billion in media revenue over 11 years, people familiar with the discussions said. The NBA sweepstakes has turned into a defining moment for the TV industry, highlighting the anxieties of traditional media companies about the collapse of cable and their uncertain financial futures in the streaming world. It has put front-and-center the paradox that sports content is outrageously expensive but also critical to own in an industry in which it is one of the few reliable ways to draw in audiences. The NBA is on track to increase its annual fees by more than 2.5 times under the new deal, to an average of nearly $7 billion. The NFL roughly doubled its fees under its last deal to around $10 billion a year. The NBA has much lower average ratings than the NFL, but it has more games and a young audience that is important to advertisers. It is very popular abroad, which is a big motivator for Amazon’s Prime Video. #nba #professionalsports #basketball #nfl #mlb #television #streaming #nbc #espn #amazon #disney #wnba #sportsmarketing #warnerbrothers #tnt #entertainment #media #sportsmanagement
Exclusive | NBA Nears $76 Billion TV Deal, a Defining Moment for Media and Sports
wsj.com
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Where is the concern about the Number of Games that kids will be playing and the Number of Months that they will be playing football to further enrich everyone else except themselves and their families! It is criminal the way these plantations are exploiting and abusing the poor, disadvantaged minority boys. It is Shameful and Disgraceful! Greed and Selfishness are the Core issues that are driving all this misdirection and intentional confusion. I have an argument that have not and cannot be disputed or debunked. The Greed is at the Gross Revenue level with the Private Bowl Games, CFP, NCAA, and the Universities not carving out 30-50% off the Top for line item #1 on their Expense. The Selfishness is at the Net Revenue with the Athletic Department and University Administrative number of jobs and Compensation, the two Revenue Generating Sports coaching Compensation, Sharing of the FB & BB Revenues with other Sports, Departments, Facilities, Projects, Programs and interests. NIL and Collectives do not address this Theft and Travesty, and everyone at the school that is accepting their cut from this hush money is furthering this crime against these poor, disadvantaged young men and their families and communities.
ESPN has reportedly offered the College Football Playoff a six-year, $7.8 billion extension for exclusive rights to the upcoming 12-team playoff. That's $118 million per game annually — roughly the same amount Peacock paid for exclusive rights to an NFL playoff game — and it proves just how popular college football is today. So, I joined The Paul Finebaum Show this week to break it all down: We discussed: • College football viewership • The upcoming 12-team playoff • Premium media rights negotiations • NIL regulation, transfer portal, and more Enjoy! Ps. Follow me (Joe Pompliano) for more sports business content. #sports #sportsbiz #linkedinsports
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Operations Executive @ Bell International, Investor, CISI Level 4 Diploma in Investment Advice (Securities)
The Premier League, with its unparalleled global viewership, is leaving money on the table by not securing robust deals with streaming platforms. Instead the Premier League looks set for a civil war in the courts, while the NBA just demonstrated exactly how much money can be made when involving the tech companies in TV deals: NFL Media Deal Total Value: $113 billion Duration: 11 years (2023-2033) Average Value per Year: $10.27 billion Average Viewers per Week (U.S.): 17 million Number of Games: 272 regular season games + 13 playoff games NBA Media Deal Total Value: $75 billion (anticipated) Duration: 9 years (2025-2034) Average Value per Year: $8.33 billion Average Viewers per Week (U.S.): 1.4 million Number of Games: 1,230 regular season games + up to 105 playoff games Premier League Media Deal Total Value: £5 billion (approximately $6.3 billion) Duration: 4 years (2025-2029) Average Value per Year: £1.25 billion (approximately $1.575 billion) Average Viewers per Week (U.K.): 4.5 million Number of Games: 380 regular season games (no playoffs) 📺⚽ #PremierLeague #MediaRights #Streaming #BusinessStrategy
Exclusive | NBA Nears $76 Billion TV Deal, a Defining Moment for Media and Sports
wsj.com
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Associate Dean + Professor of Law + SELI Director at UNH Franklin Pierce School of Law | Visiting Professor of Law at Harvard Law School | Sportico Legal Analyst | Attorney
Diamond (Bally Sports) is nearing a deal with MLB to keep their regional sports networks in place through 2024. Anthony Crupi and I write on that and the other latest developments in the federal bankruptcy case that goes to the heart of RSNs in a world of more and more streaming in a new Sportico story. #sportslaw #sportsbusiness #RSNs #cableTV #streaming #bankruptcylaw #MLB
Diamond, MLB Near Deal to Keep RSNs in Place Through 2024
https://www.sportico.com
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Business is picking up
Coming soon 👀 A look at ESPN BET's official teaser ahead of the brand's sportsbook launch later this month. The spot features SportsCenter anchor Scott Van Pelt. For more information about ESPN BET, and to become eligible for the ESPN BET Bristol Experience, go to espnbet.com.
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Sportscaster/Studio Pre & Post-Game Host/Play-By-Play Announcer/Motivational Speaker/Crisis-Communications Consultant
1moOutstanding!!!!! 🏈 🏈 🏈 🏈